In India, the price of Tether's USDT stablecoin surged to a premium of over 8.5% above the official USD/INR exchange rate, reaching 102.88 rupees compared to the official 94.65 rate. This sharp rise from the usual 3-4% premium reflects a sudden shortage of USDT supply amid strong local demand for dollar exposure, driven by India's large crypto market and heavy taxes on crypto gains. USDT acts as a dollar substitute for Indian traders avoiding rupee conversions and fees, causing the premium to represent a hidden cost and stress in the market. The premium also highlights India's strict foreign currency controls, and it remains to be seen if new USDT supply will ease the gap or if the premium signals deeper market frictions.
Zoom Video Communications has appointed Carlos Quaderi as Head of Asia Pacific (APAC), effective August 1, 2026. Quaderi will oversee Zoom's go-to-market strategy across APAC, including Australia, New Zealand, Asia, India, and Korea (excluding Japan)...
FDH Aero and LATECOERE have entered a global supply agreement, making FDH Hardware a key supplier for LATECOERE's manufacturing sites in Brazil, Bulgaria, France, the Czech Republic, Tunisia, and Morocco. This partnership aligns FDH Aero's hardware p...
YieldMax ETFs announced weekly distributions for its Group 1 option income ETFs, with payments scheduled for July 23, 2026. The distributions vary by ETF, with rates ranging from about 26% to over 60% annualized based on recent NAV, reflecting income...
BioNTech SE will announce its second quarter 2026 financial results on August 4, 2026, followed by a webcast and conference call for investors and the public. The event will cover financial performance and updates on BioNTech's oncology pipeline, whi...
Investec Bank plc, acting as advisor and joint broker to Advanced Medical Solutions Group plc, disclosed its share dealings on July 20, 2026. The bank purchased 1,786,258 ordinary shares and sold 1,952,322 ordinary shares at prices around 279 to 280 ...
